Business & Law Flashcards
Register for the examination through PSI and pay a fee of _____
$79
Which web address should you schedule your test through?
www.psiexams.com
Official scores are mailed by the _____
Board
If you fail, you may retake the examination ____ after the previous examination
30 days
Fees for an intermediate license are
$100
Fees for an unlimited license are
$125
Fees for a limited license are
$75
License applicants and license holders must notify the Board in ____ of a change in address within ____ from the date of change
writing, within 30 days
A limited license has a project limitation up to ____ and an amount of working capital of ____
$750,000; $17,000
An intermediate license has a project limitation up to ____ and ____ amount of working capital
$1,500,000; $75,000
An unlimited license has a project limitation of _____ and an ____ amount of working capital
no restriction; $150,000
Applicants may present a _____ in lieu of demonstrating the required amount of working capital
Surety bond
If the bond is canceled, the surety and applicant must notify the Board immediately. The applicant’s license is ____ if written proof of financial responsibility is not provided within _____ of bond cancelation
suspended; within 30 days
To request a limitation increase, you must complete an increase application form. To be considered for an increase, your license must be ____ and ____
active and renewed
Bond amounts are as follows: Limited license ____, Intermediate license ____, and Unlimited license ____.
$175,000; $500,000; $1,000,000